Reuters – Castle Alternative Invest, a Swiss-listed fund of hedge funds, plans to list in London to improve the liquidity of its shares, its investment manager LGT Capital Partners said on Tuesday.
The fund, which has assets of more than $500 million (315 million pounds) and which is on a discount to net asset value of 27 percent, will list its shares in London from June 5. The shares will be traded in U.S. dollars.
